Amarillo Gold Corporation

11:25 AM EST - Amarillo Gold Corporation : Announced an updated resource model for the Posse deposit at the Mara Rosa gold project in Goias State, Brazil. This new resource model will be used for a Feasibility Study mine plan that is expected to be finalized later this year. Highlights include: Total Measured and Indicated Resource of 29M tonnes at 1.2 g/t and 1.2M Au ounces. Includes a high-grade core zone of 9M tonnes at 2.2 g/t for 630K Au ounces that can be accessed early in the mine life. Includes two additional contiguous grade zones of 12M tonnes at .88 g/t for 330K Au ounces and 9M tonnes of .73 g/t for 330K Au ounces. Amarillo Gold Corporation shares V.AGC are trading down $0.005 at $0.26.